Inflation Strategy Portfolio
Data updated: 2020-06-01
C000098937 — Inflation Strategy Portfolio. Money Market · $61.79M AUM · 0.63% expense ratio. Holdings, fees, performance and SEC filings.
C000098937 Fund Overview
Inflation Strategy Portfolio is a US mutual fund managed by Pacific Select Fund, categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Pacific Select Fund
- Category: Money Market
- Assets under management: $61.79M
- SEC CIK: 0000813900
- SEC series ID: S000031770
- Share class ID: C000098937
C000098937 Investment Objective and Strategy
Inflation Strategy Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Pacific Select Fund.
Investment objective
This Fund seeks to maximize total return consistent with prudent investment management.
Principal investment strategy
This Fund invests its assets in debt securities. Normally, the Fund focuses on investment in or exposure to inflation-indexed bonds of various maturities issued by the U.S. and non-U.S. governments or their agencies, such as U.S. Treasury Inflation Protected Securities (TIPS). It is expected that the amount invested in or exposed to inflation-indexed bonds (either through cash market purchases, forward commitments or derivative instruments) normally will be equivalent to at least 80% of the Funds net assets. Inflation-indexed bonds are debt securities whose principal value or coupon payments are periodically adjusted according to an inflation index. If the index measuring inflation falls, the principal value of inflation-indexed bonds and/or interest payable on such bonds tends to fall. The Fund may also invest in other income-producing securities consistent with the Funds investment goal, including, but not limited to, corporate bonds and notes and mortgage-related and asset-backed securities, other types of U.S.
and non-U.S. government or agency debt instruments, and money market instruments, that are rated investment grade at the time of purchase (or, if unrated, determined to be of comparable quality by the sub-adviser). The Fund intends to maintain a dollar-weighted average credit quality of A or better (determined on the basis of the highest credit rating of the Funds investments at the time of their purchase or, if unrated, determined to be of comparable quality by the sub-adviser). The Fund may invest up to 15% of its total assets in securities that are not denominated in U.S. dollars. The Fund will seek to earn additional income by entering into reverse repurchase agreement transactions, and investing the proceeds of those transactions in additional securities of the nature described in this paragraph.
The Fund typically expects to invest in forward commitments on inflation-indexed bonds to gain exposure to the inflation-linked market. The Fund may purchase and sell futures contracts to adjust interest rate exposure and/or as a substitute for the physical security. The Fund may purchase or sell currency futures contracts, currency forwards, or currency options to gain or increase exposure to various currency markets, to shift currency exposure from one country to another, or to hedge against currency fluctuations. When selecting investments, the sub-adviser: Uses a top-down, macroeconomic view, coupled with a bottom-up perspective driven by rigorous fundamental credit analysis. Uses a team approach to identify investment options, with input received from various sector specialists. Considers the overall dollar-weighted average credit quality of the Fund.
Determines allocations among short, intermediate and long duration securities and among various types of investments. The sub-adviser may sell a holding due to its deteriorating credit quality or to pursue more attractive investment opportunities.
C000098937 Costs and Fees
C000098937 costs about $63 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.63%
- Gross expense ratio: 0.63%
- Portfolio turnover: 62%
- Brokerage commissions: 0.49 bps of average net assets (SEC N-CEN)
C000098937 Cashflows
Over the 12 months to 2020-03, Inflation Strategy Portfolio had net outflows of $137.27M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-03 | −$120.65M |
| 2020-02 | −$2.14M |
| 2020-01 | −$730.34K |
| 2019-12 | −$303.80K |
| 2019-11 | −$338.55K |
| 2019-10 | −$6.84M |
C000098937 Debt Constituents
No individual debt constituents are reported in Inflation Strategy Portfolio's latest SEC N-PORT filing.
C000098937 Prospectus and SEC Filings
Official Inflation Strategy Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2019-05-10
- Prospectus (485BPOS) — filed 2018-05-07
- Prospectus supplement (497) — filed 2019-09-04
- Portfolio holdings (N-PORT) — filed 2020-06-01
- Portfolio holdings (N-PORT) — filed 2020-02-11
- Portfolio holdings (N-PORT) — filed 2019-11-27
- Annual census (N-CEN) — filed 2020-03-09
- Annual census (N-CEN) — filed 2019-03-18
Related Funds
Other Money Market funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.